Catalyst gets additional tax break in Port Alberni, Canada
Feb 05, 2008. Ron Buchhorn, senior VP for Catalyst Paper, was at the council meeting (At Port Alberni, Canada) to ask for an additional tax reduction of $125 thousand per year, over and above the $300 thousand annual reduction.
Feb 05, 2008. /Lesprom Network/. At Port Alberni city council's meeting, CEP union presidents and a senior Catalyst Paper mill representative discussed a deal they hope will secure the immediate future of the mill, Pulp and Paper Canada reported.
Ron Buchhorn, senior VP for Catalyst Paper has agreed to an $11 million commitment that will include a CTMP (chemi-thermal mechanical pulp) expansion, re-start of the silenced PM4 and a new retirement package that will eventually result in recalls for 200 younger workers.
Ron Buchhorn was at the council meeting to ask for an additional tax reduction of $125 thousand per year, over and above the $300 thousand annual reduction previously agreed to by the city. Industrial property taxes will be reduced by the extra $125 thousand per year for 5 years, giving a total of $2.125 million tax relief over 5 years.
The paper mill once employed 1,500 people and was the lifeblood of the community, but now employs just 200 senior workers. Catalysts tax contribution, at $5.7 million, makes up 80% of the industrial property taxes paid to Port Alberni.